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Summary*

BigID, a leading data intelligence company founded in 2016, specializes in data security, privacy, compliance, and governance solutions. The company's unified platform offers advanced services such as data discovery, classification, and protection for various industries including financial services, healthcare, and retail.

Since its inception, BigID has demonstrated impressive growth and market traction. The company has raised over $257 million in funding from prominent investors, including Salesforce Ventures, Tiger Global Management, and Bessemer Venture Partners. In its most recent funding round in March 2024, BigID secured $61.4 million, valuing the company at over $1 billion.

Reports suggest that BigID generates nearly $100 million in yearly revenue, indicating strong market demand for its solutions. The company's innovative approach to data management and security has earned it recognition as a leader in Data Security Posture Management (DSPM) by industry analysts and numerous accolades for its groundbreaking technology.

While there have been no official announcements regarding an IPO, BigID's rapid growth, substantial funding, and unicorn status make it a company to watch in the tech IPO landscape. The increasing focus on data privacy regulations and the growing need for comprehensive data management solutions could potentially drive investor interest in a BigID public offering.

However, market conditions, company readiness, and strategic considerations will likely play crucial roles in determining the timing and viability of a potential BigID IPO. As the data intelligence market continues to evolve, BigID's position as a leader in the space may present attractive opportunities for both the company and potential investors.

How to invest in BigID

While BigID's IPO prospects remain uncertain, investors eager to gain exposure to innovative data intelligence companies don't have to wait. At Linqto, we offer members access to interests in promising pre-IPO private companies like BigID, potentially allowing you to benefit from their growth before they go public. Our platform provides opportunities to diversify your portfolio with lower minimum investments in emerging leaders in the data privacy and security sector.

Sources

*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.